The Austin Board of Realtors recently released the statistics for the
month of June for Austin. This report is going to focus on the recent activity
in northwest Austin (NW) which includes but is not limited to the neighborhoods
of Milwood, Rattan Creek, Anderson Mill, Jollyville and Balcones.
In June, there was
one less sold listing in NW (89 vs. 90) but the average sold price increased
7.3% to $263,812. The average days on
market for a home sold in June in the northwest were 43 compared to 51 in 2011.
Also, homes are selling for 98.3% of their list price, an increase from 97.4%
in 2011. In summary, while about the same number of homes sold in 2012 as 2011,
those home are selling on average for a higher price and more quickly than they
did in 2011. The higher sale prices drove the total volume up 6% in 2012 to
$23.5 million.
Year-to-date, 10%
more homes have sold in the NW with over $93.2 million in real estate
transactions being finalized. Austin’s market is HOT! Please contact me if you
are interested in receiving a free market analysis of your home or interested
in buying a home. With historic interest rates available, now is a great time
to buy a home!
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